President/CEO Raymond Threlkeld commented, “The results released today show the potential of the Cap Zone to play a significant role in adding higher confidence ounces and in developing the underground potential of the Rainy River Gold Project. The ODM infill results are consistent with previous drilling, while the ODM below-pit results are also encouraging from an underground project perspective. With our strong cash balance and continued excellent drill results, we are well-positioned to advance the Project. A revised preliminary economic assessment is expected to be completed by mid-2012, followed by a resource update incorporating drilling from the first few months of this year. This mid-year resource will be used for the feasibility study, targeted for completion in early 2013.”